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Dec 30, 2012
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cliff deal. so many cliffs, so little time. >>> do you watch abc's hit show "modern family" it has become a bit of a phenomenon. we sat down with one of the emmy winning producers and how they create nose crazy and hilarious story lines. >> i know, right. >> all i have to do is get 50 signatures, make my case and it's on. >> i am so proud of you. >> we all are. >> usually the minute any of us walks in the door, she gives us all something to do. >> do your homework. >> clean your room. >> put on pants. >> like the queen is coming over. >> i could really use your help getting these signatures. >> i'll do it as soon as i change those light bulbs you wanted. >> kids? >> i have a ton of homework. >>> "modern family" ever see it? it is a huge hit on abc packed with 21st century dynamics that are becoming the new normal for the modern family. nadia sat down with danny one of its executive producers for a real insider's tour of the show. cnn exclusive and today's arts & leisure. >> it's hard to know what
cliff deal. so many cliffs, so little time. >>> do you watch abc's hit show "modern family" it has become a bit of a phenomenon. we sat down with one of the emmy winning producers and how they create nose crazy and hilarious story lines. >> i know, right. >> all i have to do is get 50 signatures, make my case and it's on. >> i am so proud of you. >> we all are. >> usually the minute any of us walks in the door, she gives us all something to do....
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Dec 26, 2012
12/12
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tonight to work on a fiscal cliff deal. now, if the stakes weren't high enough, the treasury department upped ante just a short time ago. it announced the u.s. will hit the debt ceiling on december 31st that is monday. treasury department is undertaking and this is a quote, extraordinary measures to postpone the country's date with the debt deadline, but will this bring a new sense of urgency and motivate politicians to reach a budget deal. joining us now, lindsey piegza, economist with ftn financial and james freeman, assistant editor of "the wall street journal"'s editorial page. james, i will start with you. does the treasury department's statement literally within the last hour we'll hit the debt ceiling deadline on monday, does that add any kind of motivation they need to get their act together in washington? >> i don't know. i think it might just add a little skepticism. you remember when we went through this at 2011. they had various dates, finally months into it in august they said this is the real deadline. knowing
tonight to work on a fiscal cliff deal. now, if the stakes weren't high enough, the treasury department upped ante just a short time ago. it announced the u.s. will hit the debt ceiling on december 31st that is monday. treasury department is undertaking and this is a quote, extraordinary measures to postpone the country's date with the debt deadline, but will this bring a new sense of urgency and motivate politicians to reach a budget deal. joining us now, lindsey piegza, economist with ftn...
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Dec 30, 2012
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if there's a fiscal cliff deal, you could see the markets rally. and on tuesday john boehner, the 113th congress is sworn in and john boehner is expected to be elected to his second term as house speaker by a vote in the house. we'll see if everyone plays nice in the sandbox and work together to solve the country's problems in 2013. if you're sitting down to breakfast, this bowl of cereal, that milk can get more expensive if a fiscal cliff deal is not reached. that gallon of milk might cost as much as $7. cnn's candy crowley spoke with secretary of agriculture tom vilsack. $7 milk? this is known as the dairy cliff, right? >> yes, it is. we've been so focused on other kinds of cliffs, but, in fact, because there is no farm bill, they revert back to some laws that were enacted in the 1940s. it would cause -- because milk won't be, if you will, propped up, it would cause milk prices too almost double, at least according to the agriculture secretary. they're working on a fix, something like that which hits consumers so hard. they'll notice that immedia
if there's a fiscal cliff deal, you could see the markets rally. and on tuesday john boehner, the 113th congress is sworn in and john boehner is expected to be elected to his second term as house speaker by a vote in the house. we'll see if everyone plays nice in the sandbox and work together to solve the country's problems in 2013. if you're sitting down to breakfast, this bowl of cereal, that milk can get more expensive if a fiscal cliff deal is not reached. that gallon of milk might cost as...
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Dec 27, 2012
12/12
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starbucks brews up a bold campaign to get a deal done on the fiscal cliff. details are coming up next. you can never have too much money and a damn good cup of joe. ♪ . ♪ . adam: not so beautiful if you're caught in a blizzard hitting part of the country but that's another story. time for a little fun with spare change. we are joined today by fox ne contributor julie roginsky and our ownennis kneale. first up, if you love country, i don't know if you guys are starbks people -- >> i am. adam: dennis are you starbucks? too bitter. >> you're too sweet. adam: starbucks wants to send a message to lawmakers, notice i ignored that one. message to lawmakers about the fiscal cliff. they're using coffee cups to do the job. the ceo at starbucks is urging starbucks workers and employees in the washington, d.c. area to write on the cups, come together, come together right now. i guess quoting the beatles. thursday and friday. dennis, what do you think?. >> that should fix it. that's all we needed. either conjures up very old beatles cliche or elusive quest in the bed
starbucks brews up a bold campaign to get a deal done on the fiscal cliff. details are coming up next. you can never have too much money and a damn good cup of joe. ♪ . ♪ . adam: not so beautiful if you're caught in a blizzard hitting part of the country but that's another story. time for a little fun with spare change. we are joined today by fox ne contributor julie roginsky and our ownennis kneale. first up, if you love country, i don't know if you guys are starbks people -- >> i...
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Dec 30, 2012
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if this good deal -- the fiscal could deal -- the fiscal cliff deal. you think during their well- earned christmas break, both sides would find a way to come together and do something. >> this is n the fault of congress. congress is behaving like congress. this is the president's fault here the president needs to go to the country and explain why they need to get this done. he has never done this. >> i have heard him talk about it over and over incessantly about why we have to avoid the fiscal clip. it is the fault of congress. they created this fiscal cliff. they did it. no one else imposed this on them. >> the president has never gone to the natioand made a sio speech about debt. he ignored it the first two years. he appoints a commission that he studiously ignores for the next two years. that is why we are at the clip now. he is not serious about the debt. none of his proposals to raise taxes on the rich. he has never put any political capital in entitlement reform our tax reform. he'll talk about it here and there. never invested any capital in it.
if this good deal -- the fiscal could deal -- the fiscal cliff deal. you think during their well- earned christmas break, both sides would find a way to come together and do something. >> this is n the fault of congress. congress is behaving like congress. this is the president's fault here the president needs to go to the country and explain why they need to get this done. he has never done this. >> i have heard him talk about it over and over incessantly about why we have to avoid...
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Jan 1, 2013
01/13
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cliff deal. the dow jones industrial average gained 166 points to close at 13,104, up 7% for the year. the nasdaq rose 59 points to close at 3019, up nearly 16% this year. nearly two dozen people died in a string of attacks across iraq today. most of the violence targeted shiite communities and police. one of the blasts rocked baghdad's karrada neighborhood, sending smoke billowing above the skyline. the car bomb went off near a tent where shiite pilgrims were gathering. five people were killed there. in syria, elite troops, along with tanks, battled to dislodge rebels from a key southern suburb of damascus. the area is within firing distance of major government sites in the capital. amateur video also showed the aftermath of what appeared to be air strikes in the northeastern suburb of douma. the attacks toppled buildings and sent civilians fleeing. celebrations began today as the new year, 2013, dawned around the globe. we have a report from richard pallot of independent television news. . >> h
cliff deal. the dow jones industrial average gained 166 points to close at 13,104, up 7% for the year. the nasdaq rose 59 points to close at 3019, up nearly 16% this year. nearly two dozen people died in a string of attacks across iraq today. most of the violence targeted shiite communities and police. one of the blasts rocked baghdad's karrada neighborhood, sending smoke billowing above the skyline. the car bomb went off near a tent where shiite pilgrims were gathering. five people were killed...
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Jan 1, 2013
01/13
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the nasdaq gained 59 another deal not fiscal cliff related. the senate home security committee blasted the state department for failures leading to the deadly september 11th attack on the u.s. mission in benghazi, libya. this comes on the heels of another scathing report by an independent state department accountability review board that we have covered many times. chief intelligence correspondent catherine herridge has the latest senate report sites the white house for president obama inconsistent statements whether the benghazi assault was terrorist attack given intelligence showed within hours that al qaeda affiliate was responsible on september 11th. as evidenced reported sites mr. obama's interview with 60 minutes. it's too early to know exactly how this came about. group involved but obviously it was an attack on mrns the committee's ranking members says the statements are part of a broader troubling pattern. >> the administration repeatedly has rerefused to name the threat that we face. >> senators joe lieberman and susan collins write
the nasdaq gained 59 another deal not fiscal cliff related. the senate home security committee blasted the state department for failures leading to the deadly september 11th attack on the u.s. mission in benghazi, libya. this comes on the heels of another scathing report by an independent state department accountability review board that we have covered many times. chief intelligence correspondent catherine herridge has the latest senate report sites the white house for president obama...
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Dec 31, 2012
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cliff deal. the dow jones industrial average gained 166 points to close at 13,104, up 7% for the year. the nasdaq rose 59 points to close at 3019, up nearly 16% this year. nearly two dozen people died in a string of attacks across iraq today. most of the violence targeted shiite communities and police. one of the blasts rocked baghdad's karrada neighborhood, sending smoke billowing above the skyline. the car bomb went off near a tent where shiite pilgrims were gathering. five people were killed there. in syria, elite troops, along with tanks, battled to dislodge rebels from a key southern suburb of damascus. the area is within firing distance of major government sites in the capital. amateur video also showed the aftermath of what appeared to be air strikes in the northeastern suburb of douma. the attacks toppled buildings and sent civilians fleeing. celebrations began today as the new year, 2013, dawned around the globe. we have a report from richard pallot of independent television news. . >> h
cliff deal. the dow jones industrial average gained 166 points to close at 13,104, up 7% for the year. the nasdaq rose 59 points to close at 3019, up nearly 16% this year. nearly two dozen people died in a string of attacks across iraq today. most of the violence targeted shiite communities and police. one of the blasts rocked baghdad's karrada neighborhood, sending smoke billowing above the skyline. the car bomb went off near a tent where shiite pilgrims were gathering. five people were killed...
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Dec 29, 2012
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it's down to the wire for fiscal cliff deal. lawmakers are trying to draft a plan under the deadline. president obama says he is optimistic they will come to an agreement if not, deep spending cuts will kick in for nearly every american. helpis one step closer for super storm sandy. senate passing a bill to provide $60.4 billion in aid for states impacted by the disaster. bill now has to pass through the house of representatives. hurricane sandy was blamed for at least 120 deaths in areas from north carolina to maine, new york, new jersey and connecticut. i'm arthel nevil, now back to fox news watch. for all the latest log on to foxnews.com. i'll see you right here at 4:00 p.m. eastern alongside gregg jarrett. >> we will make sure that f there is anything is needed we get it out immediately. i want to thank you for everything you've done and we appreciate that. >> connecticut state police lieutenant paul advance talking to people. the killer committed suicide as police closed in on him. one of many tragedies that received major
it's down to the wire for fiscal cliff deal. lawmakers are trying to draft a plan under the deadline. president obama says he is optimistic they will come to an agreement if not, deep spending cuts will kick in for nearly every american. helpis one step closer for super storm sandy. senate passing a bill to provide $60.4 billion in aid for states impacted by the disaster. bill now has to pass through the house of representatives. hurricane sandy was blamed for at least 120 deaths in areas from...
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cliff deal. they passed it early this morning and we're going to talk more about that with neil from role call. he is here with the latest on that. thank you for coming in and talking with us. the senate has approved this and now it goes to the house at some point today. what are the odds that we'll be done with this and what are the odds this is good luck to keep going and keep going and keep going? >> what we saw last night as the senate unveiled its plan and voted on the plan in the wee hours of this morning, we've all lost track of time, we were in the capitol when this was going on, the house leadership came out with a statement that said they would consider the legislation. >> that doesn't sound good. >> they also said they were open to the possibility of promptly amending the legislation which would kick it back to the senate to deal with by thursday. and so we may not be out of the woods yet in terms of how this fiscal cliff deal came together and in any event we still haven't seen congre
cliff deal. they passed it early this morning and we're going to talk more about that with neil from role call. he is here with the latest on that. thank you for coming in and talking with us. the senate has approved this and now it goes to the house at some point today. what are the odds that we'll be done with this and what are the odds this is good luck to keep going and keep going and keep going? >> what we saw last night as the senate unveiled its plan and voted on the plan in the...
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Dec 24, 2012
12/12
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the reason donors are concerned that a fiscal cliff deal could limit the tax deduction on charitable giving in the future. >> good day to you. is that the reason? i think people are worried they won't know what the deduction listen next we're, so front-loading the deduction this year. hopefully it's my wish they don't reduce it at all. >> let's look at some of the numbers. each year 300 billion is given to charity and claim about 50 billion a year in tax deductions. so when you look at some of the numbers, a person making about $too,000, they can deduct 35%. if that were to go down to 28%, how much do you think that would impact giving? >> you know, the estimate is anywhere between 1 and 30 billi billion, depending on how the deduction goes, and even if it's eliminated. it's hard to predict. one of the important things is this deduction han in place since 1917, and no one has ever touched it before. so we have no data on what's going to happen, but i think the americans, three quarters of the americans are concerned it will reduce the money to charity. >>> you know, if the country do
the reason donors are concerned that a fiscal cliff deal could limit the tax deduction on charitable giving in the future. >> good day to you. is that the reason? i think people are worried they won't know what the deduction listen next we're, so front-loading the deduction this year. hopefully it's my wish they don't reduce it at all. >> let's look at some of the numbers. each year 300 billion is given to charity and claim about 50 billion a year in tax deductions. so when you look...
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the fiscal cliff in just five days and still no deal. the winter storm that slammed the south is now stranding thousands of travelers in the northeast and beyond. that is coming up. >>> and the russian president vladimir putin says he will sign a bill banning americans from adopting russian children. that's all ahead unless breaking news changes everything on "studio b." i'm trace gallagher in for shepard smith. first from fox at 3:00, back to work in washington, d.c. with less than five days to go before falls right off the fiscal cliff. the senate back in session today and it's the first time the senate or house has met for business between christmas and new year's in more than four decades. president obama cut his hawaii trip short arriving in washington early today. for now, the house of representatives is not in session but we've learned those lawmakers are set to return this weekend. today the senate majority leader, harry reid, says we've just about run out of time. >> if we go over the cliff, and that's where we're headed, mr. pr
the fiscal cliff in just five days and still no deal. the winter storm that slammed the south is now stranding thousands of travelers in the northeast and beyond. that is coming up. >>> and the russian president vladimir putin says he will sign a bill banning americans from adopting russian children. that's all ahead unless breaking news changes everything on "studio b." i'm trace gallagher in for shepard smith. first from fox at 3:00, back to work in washington, d.c. with...
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Dec 27, 2012
12/12
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the clock ticking down what are the chances for the fiscal cliff deal? let's look on the bright side here. washington bureau chief, i am being facetious when i say my new year's resolution is to say fiscal quote never again, but we could get a quick fix and potentially not have to see these two word again? >> we could. sometimes things are darkest before the dawn and sometime darkest before they go completely black. it is hard to know what is the case in washington. here is how you could get a deal quickly. it would be a minimalist deal that does the bare minimum necessary to prevent the big tax increases and spending cuts that bill along with going off of the cliff. the way it could happen is if the senate decides to take the bill ridge referred to that the senate passed weeks ago that essentially continued george bush era tax breaks for everybody, took that bill and amended to suit democrats which is to say to reduce those tax rates that will be extended to $250,000 and below, tack on a couple things everybody wants to get done like extending the alter
the clock ticking down what are the chances for the fiscal cliff deal? let's look on the bright side here. washington bureau chief, i am being facetious when i say my new year's resolution is to say fiscal quote never again, but we could get a quick fix and potentially not have to see these two word again? >> we could. sometimes things are darkest before the dawn and sometime darkest before they go completely black. it is hard to know what is the case in washington. here is how you could...
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Dec 28, 2012
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we have passed a bill to deal with the fiscal cliff. harry reid is becoming the ultimate cliff diver here by saying we're not going to even let our house, the senate house function. we're going to dive off the cliff and blame the republicans at every ledge down the way. gregg: cliff diving a new political sport. and senator lindsey graham also speaking out suggesting that he doubts that anything will get done during today's last-minute washington meeting. take a listen. >> anytime you announce a meeting publicly in washington it usually for political theater purposes. nothing good ever cops from it. there is one then you have to do in politics. if a president meets with a foreign leader you want to make sure you know what will happen at the meeting. when the president calls congressional leaders to the white house it is all political theater or they have a deal. my bet it is all political theater. gregg: senator graham warned he thinks our nation will go over the cliff and president's offer to fix it does nothing other than, quote, this
we have passed a bill to deal with the fiscal cliff. harry reid is becoming the ultimate cliff diver here by saying we're not going to even let our house, the senate house function. we're going to dive off the cliff and blame the republicans at every ledge down the way. gregg: cliff diving a new political sport. and senator lindsey graham also speaking out suggesting that he doubts that anything will get done during today's last-minute washington meeting. take a listen. >> anytime you...
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. >> alison, i have no idea whether we'll get a fiscal cliff deal done or not. i do have a pretty good idea as to how we got into this gigantic pickle in the first place. >> now we've passed a bold package of tax relief for america's families and businesses. >> it starts when then president george w. bush initiated a series of tax cuts for all americans, but it's a deal with the devil. the cuts, which are politically expedient, but costly to government expire in ten years time. >> both houses of congress have now passed a package of tax relief that will protect the middle class. >> when it came time for the cuts to expire, the u.s. is just emerging from the worst recession since the great depression. so president obama agreed to extend the tax cuts for two more years in exchange for congress extending federal emergency unemployment benefits. those cuts are expensive. if they're extended by 2020, the bush-era tax cuts will be responsible for more than half the total national debt. democrats insist that taxes go up for the wealthy but stay in place permanently for
. >> alison, i have no idea whether we'll get a fiscal cliff deal done or not. i do have a pretty good idea as to how we got into this gigantic pickle in the first place. >> now we've passed a bold package of tax relief for america's families and businesses. >> it starts when then president george w. bush initiated a series of tax cuts for all americans, but it's a deal with the devil. the cuts, which are politically expedient, but costly to government expire in ten years...
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they wanted that house republicans to return a lot sooner to work on a fiscal cliff deal. we know that it will not return until sunday, the house, here is democrat chris van hollen from maryland. reporter: this is not a show. the last ditch effort to bring congressional leaders together to try to get at least a small package ordeal together before the new year. in order to avoid some of the tax hurts of the fiscal cliff and unemployment. reporter: while there are discussions about a final fiscal cliff deal, there is finger-pointing going on. the blame game, if you will, if everything falls apart and the u.s. economy goes over the fiscal cliff. harris: i have to tell you that wall street is starting to react for a fifth day of losses on wall street. stocks are reacting, it is the final friday before the fiscal cliff. the dow is a 55-point drop, but it has been lower at that. it is still early in the trading day yet. the forecast for today is not looking good. a fifth day of concern there among investors on wall street. jon: flirting with out 13,000 barrier. part of the loom
they wanted that house republicans to return a lot sooner to work on a fiscal cliff deal. we know that it will not return until sunday, the house, here is democrat chris van hollen from maryland. reporter: this is not a show. the last ditch effort to bring congressional leaders together to try to get at least a small package ordeal together before the new year. in order to avoid some of the tax hurts of the fiscal cliff and unemployment. reporter: while there are discussions about a final...
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. >> kelly: we've been talk being the fiscal cliff and getting a deal, the president is coming back and the senate is coming back. the house is not. house speaker john boehner staying in ohio. he says some contact, but communication is no substitute for senate action. it's all in the senate. >> juliet: all righty. log on to our web site for our after the show show because we're going to be giving you lots of gossip and secrets that you don't hear. >> kelly: really? >> juliet: yeah. >> clayton: that's news. i'll make sure i'm there. gregg: fox news alert. millions at the mercy of mother nature this morning after a massive storms slams the northeast bringing snow, rain, high winds, icy road conditions. more than 50 flights have been canceled today following the grounding of more than 1700 the day before. coming up in minutes we'll go live to anna kooiman live in scranton, pennsylvania where folks are trying to dig out from more than a foot of snow. but first, bad weather making be delaying lawmakers plans to get back to the negotiating table in washington, d.c. good morning, i'm gregg jar
. >> kelly: we've been talk being the fiscal cliff and getting a deal, the president is coming back and the senate is coming back. the house is not. house speaker john boehner staying in ohio. he says some contact, but communication is no substitute for senate action. it's all in the senate. >> juliet: all righty. log on to our web site for our after the show show because we're going to be giving you lots of gossip and secrets that you don't hear. >> kelly: really? >>...
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cliff" deal is in sight. sunday the house has been called to an unusual session just in case an agreement is not reached. >>> a new report suggests the looming "fiscal cliff" is forcing consumers to lose confidence in the nation's economy. the conference board said on thursday its consumer price index fell sharply in december for the second consecutive month. >>> a potential strike by dock workers along the east coast and gulf coast threatens to cost the nation's economy billions. more than 14,000 longshoremen are ready to strike sunday. a walkout would shut ports from boston to houston. those ports move as much as 100 million tons of goods each year including everything from flat screen tvs, sneakers and snow shovels. >>> ski world entertainment plans to become a publicly traded company. the company's three parks are known for their water shows with killer whales. it earned $86 million during the first nine months of this year. seaworld's other property including two busch gardens parks and sesame place in p
cliff" deal is in sight. sunday the house has been called to an unusual session just in case an agreement is not reached. >>> a new report suggests the looming "fiscal cliff" is forcing consumers to lose confidence in the nation's economy. the conference board said on thursday its consumer price index fell sharply in december for the second consecutive month. >>> a potential strike by dock workers along the east coast and gulf coast threatens to cost the...
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this means if a debt ceiling deal is not included any fiscal cliff deal, and it is not likely to be. gregg: then this debt mess continues for a few months. and we've still got to argue that out in congress between congress and the president. heather: geithner said last thursday, he called them, trort nary measures would have to be taken to borrow money. >> yep. heather: breaking news in europe on the big 75% tax rate that the french wanted to pass for the rich. >> the breaking news that a french court said a 75% tax rate on individuals is unfair. so it has been rejected. the court court says unless you apply it to households it is not fair to single out individuals. that means 75% tax at this moment is not in effect. the french government and francois hollande says, it won't make any difference. we'll rewrite the law using new wording and we'll catch more people in the 75% tax rate net. heather: stuart varney, i know you have a lot of work to do today. it is a busy day financially. thank you. >> thank you. gregg: what will it mean if lawmakers fail to strike a deal? according to the
this means if a debt ceiling deal is not included any fiscal cliff deal, and it is not likely to be. gregg: then this debt mess continues for a few months. and we've still got to argue that out in congress between congress and the president. heather: geithner said last thursday, he called them, trort nary measures would have to be taken to borrow money. >> yep. heather: breaking news in europe on the big 75% tax rate that the french wanted to pass for the rich. >> the breaking news...
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fiscal cliff. right now, the leaders of the house and senate are sitting down with president obama in a search for an 11th hour deal to prevent severe tax hikes and spending cuts from automatically kicking in with the new year. cnn's chief white house correspondent jessica yellin is getting new details. jess can ka, what are you hearing about that meeting? >> reporter: candy, the president is going to explain or reiterate the position he took on friday, that he would like a plan that extends tax rates for people who make $250,000 and below but raises them for those who make more than that. that it extends unemployment benefits for americans. and if the president, i'm told will say if he does not get an agreement to that plan, he will ask the other leaders what they can agree to, what what they would like instead. if they cannot come up with a proposal that will pass the house and the senate, will ask for a vote on his measure. but that meeting, candy, is still going on. congre congressional leaders
fiscal cliff. right now, the leaders of the house and senate are sitting down with president obama in a search for an 11th hour deal to prevent severe tax hikes and spending cuts from automatically kicking in with the new year. cnn's chief white house correspondent jessica yellin is getting new details. jess can ka, what are you hearing about that meeting? >> reporter: candy, the president is going to explain or reiterate the position he took on friday, that he would like a plan that...
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jessica yellin, thanks. >>> and january 1st is the deadline to make a deal on the fiscal cliff. for some states, it's a day that a series of new laws are going to take effect. let me get you clued in here. in california, talking more than 800 new laws, including one requiring apartments and condos to install carbon monoxide detectors. separately, employers will no longer be able to ask job applicants for log ins to social media accounts, such as facebook and twitter. and the increase between 28 cents and 37 cents per hour affects more than 1 million low-income earners. thanks to laws that have lower minimum wage to keep price. and the price of stamps is set to go up? e, again, by a penny, on january 27th, which brings the price of sending first-class mail to 46 cents. >>> well, the senate has also approved a five-year extension of the foreign intelligence surveillance act allowinging the government to eavesdrop on overseas phone calls and e-mails from potential terrorists. they say it's protected us from more attacks like 9/11. others argue the bill could be abused. the bill is
jessica yellin, thanks. >>> and january 1st is the deadline to make a deal on the fiscal cliff. for some states, it's a day that a series of new laws are going to take effect. let me get you clued in here. in california, talking more than 800 new laws, including one requiring apartments and condos to install carbon monoxide detectors. separately, employers will no longer be able to ask job applicants for log ins to social media accounts, such as facebook and twitter. and the increase...
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fiscal cliff last minute deal looks set to. the time being at least. you're watching. it. well the new year's global race is wrapping up so that such a quick look at some of the most spectacular celebrations that have been held so far new zealand was among the first to twenty thirty crowds at the harbor in oakland to enjoy the display of the city's sky tower raised two million people turned out of a key celebration in australia sydney's skyline erupted with a nonstandard jaw dropping fireworks at midnight a bridge. night later moved on to asia with hong kong which really built up the tension of the countdown then lit up the sky from both land and sea europe has also welcome the new year with a major fireworks display at the brandenburg gate in berlin becoming one of the world's largest open air parties and the dazzling display also splashed skies above the london eye in the u.k. capital and across the atlantic over a million spectators descend york's times celebrate the event with the additional troops. in russia officially kicked off when the clock on tower in moscow rang
fiscal cliff last minute deal looks set to. the time being at least. you're watching. it. well the new year's global race is wrapping up so that such a quick look at some of the most spectacular celebrations that have been held so far new zealand was among the first to twenty thirty crowds at the harbor in oakland to enjoy the display of the city's sky tower raised two million people turned out of a key celebration in australia sydney's skyline erupted with a nonstandard jaw dropping fireworks...
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if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more. they want $215,000 on top of what you pay in taxes. >> the wealth manager says the money you have left as far as businesses also deal with their own tax hikes. >> you are going to see less money in your paycheck. >> the government has to bite the bullet with $1.2 trillion in spending cuts. more than half of that is to the defense budget. >> they say families may need austerity calculation before making big purchases. look at the money you have and the money you need in the future to decide if you need the next big picture. doug? >> doug: thank you, molly. residents of
if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial...
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Dec 26, 2012
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if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more. they want $215,000 on top of what you pay in taxes. >> the wealth manager says the money you have left won't go as far as businesses also deal with their own tax hikes. >> you are going to see less money in your paycheck. >> the government has to bite the bullet with $1.2 trillion in spending cuts. more than half of that is to the defense budget. >> they say families may need austerity calculation before making big purchases. look at the money you have and the money you need in the future to decide if you need the next big picture. doug? >> doug: thank you, molly. resi
if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial...
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Dec 30, 2012
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the clock is ticking and there's now less than 48 hours to get a fiscal cliff deal done. so can a compromise be reached before your wallet takes a hilt. the anchor of fox news sunday, a guy who knows his biz, chris wallace weighing in this hour. >> dave: maybe wake them up over on capitol hill. good news for the bush family, former president george h.w. bush is now out of intensive to be doing much better and we'll update his condition. >> clayton: and let me pull the spectacles off for this one. a newspaper publishing gun owners names not backing down. and what county they have now. >> dave: and put the glasses on to read. >> clayton: put them on for this part. "fox & friends" hour three starts right now. >> juliet: yes. ♪ >> here, i just looked at my twitter and it's blowing up with people yelling at me for having my tissues behind here. >> dave: etiquette, juliet in for ali. >> juliet: first of all, i have a cold. i can't reach back like this to grab my tissue box, i take a few and put them right here. everybody okay with that? everybody okay with that. >> clayton: t
the clock is ticking and there's now less than 48 hours to get a fiscal cliff deal done. so can a compromise be reached before your wallet takes a hilt. the anchor of fox news sunday, a guy who knows his biz, chris wallace weighing in this hour. >> dave: maybe wake them up over on capitol hill. good news for the bush family, former president george h.w. bush is now out of intensive to be doing much better and we'll update his condition. >> clayton: and let me pull the spectacles off...
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plus it is a fiscal cliff as a last minute deal seems likely to fend off a new year tax hike in the u.s. with the scene now set for another showdown on capitol hill. and arlen takes over as the head of the european union but it's massive debt leaves it in a position just as the broad calls for strong leadership. hello good morning and happy new year you are watching live from moscow with me andrey farm. now as the new year continues to roll out across the world let's take a quick look at some of the most spectacular celebrations that have happened so far new zealand was among the first to last year in two thousand and thirteen crowds packed the harbor in oakland to enjoy the display at the city's sky tower while almost two million people turned out at peak a celebration in australia sydney's skyline erupting with the now standard jaw dropping fireworks at midnight from the harbor bridge there midnight later moved on to asia and this is hong kong which really built up the tension with the can down then lit up the sky from both land and sea. europe has also welcomed in the new year with a
plus it is a fiscal cliff as a last minute deal seems likely to fend off a new year tax hike in the u.s. with the scene now set for another showdown on capitol hill. and arlen takes over as the head of the european union but it's massive debt leaves it in a position just as the broad calls for strong leadership. hello good morning and happy new year you are watching live from moscow with me andrey farm. now as the new year continues to roll out across the world let's take a quick look at some...
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Dec 27, 2012
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cliff talks. without a deal, budget cuts and tax rises will automatically start on january 1. a senior congressional reporter with the american news service "politico," says while he is doubtful they will strike a deal before next year, obama and democrats have the upper hand. >> they know that the polls are on their side, that a majority of americans would blame the republicans for the failure, and they know that -- they say president obama was just reelected on a mandate to raise taxes on the stockton% of income earners and the republican party is dead set against tax increases. -- on the top 2% of incoming earners. he wants to raise taxes on folks making more than a million dollars, but that was not enough for democrats and that was too much for lot of republicans. the republicans in the house are the ones who endangered the speaker's efforts to cut a compromise deal. the democrats know that they are the ones that have the upper hand in the fight and if we go into the new year, a new congress w
cliff talks. without a deal, budget cuts and tax rises will automatically start on january 1. a senior congressional reporter with the american news service "politico," says while he is doubtful they will strike a deal before next year, obama and democrats have the upper hand. >> they know that the polls are on their side, that a majority of americans would blame the republicans for the failure, and they know that -- they say president obama was just reelected on a mandate to...
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plus it is a fiscal cliff a last minute deal looks set to fend off a new year tax hike in america for the time being at least and island takes over as the head of the european union but its massive debt leaves it in a weak position just as the broad calls out for strong leadership. and i welcome and happy new year you are watching r.t. life from moscow with me. now is a new year continues to roll out across the world let's take a quick look at some of the most spectacular celebrations that have happened so far new zealand was among the first to usher in twenty thirty crowd packed the harbor in oakland to enjoy the display of the city's sky tower while almost two million people turned out at the key celebration in this trailer city skyline erupting with the now standard jaw dropping fireworks at midnight from harbor bridge great site a midnight later moved on to asia this is hong kong which really built up the tension with a camp dam then lit up the sky from both land and sea. shortly after europe welcomed the new year with a major fireworks display at the brandenburg gate in berlin be
plus it is a fiscal cliff a last minute deal looks set to fend off a new year tax hike in america for the time being at least and island takes over as the head of the european union but its massive debt leaves it in a weak position just as the broad calls out for strong leadership. and i welcome and happy new year you are watching r.t. life from moscow with me. now is a new year continues to roll out across the world let's take a quick look at some of the most spectacular celebrations that have...
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just a couple of days now before about a pledge is off the fiscal cliff there's still no deal inside between the firmly entrenched republicans and democrats of americans stand to see their taxes go up dramatically but the sticking point holding up negotiations of the rates for the rich republicans are rejecting any deal that would see those taxes rise while the democrats insist the wealthy could pay a little more investment. advisor patrick young told us the u.s. is heading towards further recession than if it can't get spending. really worried going into twenty thirteen i mean ultimately the great thing is that humankind will survive we will all remain the same people but the problem we have is first of all america seems to be heading suicidally towards this thing the fiscal cliff the possibility that it may enter another leg or recession or possibly even depression as a result of legislators inability to curb their how bit of spending like footballers' wives and then on the other side of the atlantic we also have this problem the european union is getting to the point where it seem
just a couple of days now before about a pledge is off the fiscal cliff there's still no deal inside between the firmly entrenched republicans and democrats of americans stand to see their taxes go up dramatically but the sticking point holding up negotiations of the rates for the rich republicans are rejecting any deal that would see those taxes rise while the democrats insist the wealthy could pay a little more investment. advisor patrick young told us the u.s. is heading towards further...
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investors going into a short holiday week worried about a fiscal cliff deal. all markets pointing to a lower open. markets close at 1:00 p.m. eastern today. >>> gas prices have dropped by nearly 12 cents over the last two weeks. the average cost of a gallon of regular is $3.26, according to the latest lundberg survey. in the last 11 weeks, gas prices have fallen by 58 cents per gallon. lower prices at the pump are not likely to continue. we can see an increase of 5 or 10 cents per gallon soon, due to increasing crude oil prices. >>> a potential big snag for transport and trade. 16,000 workers at 15 ports from boston to houston on the verge of going on strike. the international long shoreman's observation association has been bargaining since march and a contract extension expires on the 29th. you've heard about the fiscal cliff. what about the dairy cliff? that's what dairy farmers and milk producers are called dairy subsidies set to expire. unless congress extends legislation, you could see milk prices double next year to about $7 a gallon. 7 bucks a gallon.
investors going into a short holiday week worried about a fiscal cliff deal. all markets pointing to a lower open. markets close at 1:00 p.m. eastern today. >>> gas prices have dropped by nearly 12 cents over the last two weeks. the average cost of a gallon of regular is $3.26, according to the latest lundberg survey. in the last 11 weeks, gas prices have fallen by 58 cents per gallon. lower prices at the pump are not likely to continue. we can see an increase of 5 or 10 cents per...
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president obama moments ago taking the stage to say a deal on the fiscal cliff is in sight but no compromise so exactly where do we stand in what does it mean for your war let? secretary of state, hillary clinton, in the hospital, with a blood clot week after reportedly sustaining a condition cushion in a fall. we will have the latest on that coming up. al qaeda group in yemen offering a huge reward to anyone who kills the u.s. ambassador to that country. that's all ahead unless breaking news changes everything. this is "studio b." >> first from fox at 3:00, president obama says congress is close to striking an 11 the hour deal to keep our nation from plunging off the fiscal cliff but he says the two sides still have ground to cover and the time is running out. that one-two punch that will kick in, hours from now, on january 1, and if the president and congressional lawmakers cannot hash it out, the united states could fall into another recession. here is part of the framework for the agreement. the bush tax cuts would expire for incomes above $400,000 for individuals and $450,000 for famili
president obama moments ago taking the stage to say a deal on the fiscal cliff is in sight but no compromise so exactly where do we stand in what does it mean for your war let? secretary of state, hillary clinton, in the hospital, with a blood clot week after reportedly sustaining a condition cushion in a fall. we will have the latest on that coming up. al qaeda group in yemen offering a huge reward to anyone who kills the u.s. ambassador to that country. that's all ahead unless breaking news...
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on many levels and the fiscal cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy. well congress has trouble sorting out a deal to prevent americans slipping into a tax black hole some agreements just seem to breeze through this china growth from wide awake news explains. welcome to united states of america this is where we govern by crisis we don't have representatives in washington d.c. we have political prostitutes that will go before a camera and say that anything that they have to say is to keep this massive government rolling and you can take sexual interest influence in washington d.c. for that when the cameras are on you know if they're on the red team they're going out there saying it's the welfare folks as well that's the people on food stamps or the people in extended unemployment benefits if they're on the blue team they're coming out and trying to get their base fired up that it's all about the corporate interest and that this is why we can't come up with you but isn't it me is it when the c
on many levels and the fiscal cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy. well congress has trouble sorting out a deal to prevent americans slipping into a tax black hole some agreements just seem to breeze through this china growth from wide awake news explains. welcome to united states of america this is where we govern by crisis we don't have representatives in washington d.c. we have political prostitutes that will go before a...
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the fiscal cliff is keeping the mood on wall street down. blue chips trading a bit lower and a mixed session with retailers. it looks like the christmas shopping season was not that stellar, at least for the traditional retailers. the fiscal cliff is the big topic and traders are hoping we resolve that in the next few days. >> after his singsong of waiting until the sun shines. christmas eve and the dow slipping just a little bit down. in the currency market, the euro against the dollar, $1.3187. final day of the festive shopping season, the biggest moneymaker for plenty of retailers, so how did this year's sales measure up? >> it will take time for the numbers to be processed, but most think it was better than average. >> germans use the remaining hours before the shops close to snap up last-minute gifts. the big department stores in frankfurt were chock full of customers. >> my personal budget for gifts this year was nearly 1000 bureau. my presence included electronic gear, hiking boots, and clothing. >> i did400-500 euro. a few things for
the fiscal cliff is keeping the mood on wall street down. blue chips trading a bit lower and a mixed session with retailers. it looks like the christmas shopping season was not that stellar, at least for the traditional retailers. the fiscal cliff is the big topic and traders are hoping we resolve that in the next few days. >> after his singsong of waiting until the sun shines. christmas eve and the dow slipping just a little bit down. in the currency market, the euro against the dollar,...
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plus it is a fiscal cliff as a last minute deal seems likely to fend off a new year tax hike in the u.s. but the same man set for another showdown on capitol hill. and i learned takes over as the head of the european union but it's massive dead leaves it in a weak position just as the broad calls out of a strong leadership. cloak borning and happy new year you are watching r.t. live from moscow with me. now the new year has reached the new year race has reached america's east coast midnight has just struck in new york these are live pictures from times square over a million spectators are there to celebrate the event with the traditional ball drop the iconic symbol has been decorated with tens of thousands of colored lights organizers say that. could be a record tonight for new year's celebrations in the big apple these are live pictures many people celebrating you can see they're bringing in twenty to. well let's take a quick look at some of the most spectacular celebrations and firework displays of happened around the world new zealand was among the first to usher in twenty thirty cro
plus it is a fiscal cliff as a last minute deal seems likely to fend off a new year tax hike in the u.s. but the same man set for another showdown on capitol hill. and i learned takes over as the head of the european union but it's massive dead leaves it in a weak position just as the broad calls out of a strong leadership. cloak borning and happy new year you are watching r.t. live from moscow with me. now the new year has reached the new year race has reached america's east coast midnight has...
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on many levels and the fiscal cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy well charlie mcgrath found of wide awake says it is ironic that america's main parties have difficulty reaching a deal on policies to aid the nation's poor but had little trouble agreeing on the defense budget. when the cameras are own you know if they're on the red team there i mean you're out there saying it's the welfare of all it's the people on food stamps or the people in extended unemployment benefits if they're on the blue team they're coming out and trying to get their base fired up that it's all about corporate interests and this is why we can't come up with video but isn't it me when the cameras are off and it's time to pass a trillion dollar nearly trillion dollar defense bill they have no problem whatsoever coming to coming together and holding hands with that kind of a deal together since two thousand and one namely we've been governing this nation by proxy the world by crisis and it doesn't matter who gets or
on many levels and the fiscal cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy well charlie mcgrath found of wide awake says it is ironic that america's main parties have difficulty reaching a deal on policies to aid the nation's poor but had little trouble agreeing on the defense budget. when the cameras are own you know if they're on the red team there i mean you're out there saying it's the welfare of all it's the people on food stamps or...
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part of the fiscal cliff deal is that there are heavy pentagon cuts in the sequester. the budget is the reason i think president obama would like to have leon panetta told on for a least another year. he is an experienced public official. he was budget director at one time. he has good relations on capitol hill, particularly with republicans. i think the administration would just as soon see him hang in there. he is at the age where he may want to return to california. host: stevens writes in on twitter that he would like to see howard dean offered a position. is there any talk about the howard dean appointment? guest: they do appreciate the job he did during the 2008 election for the party. i have not heard his name. talking with david jackson from "usa today." he also worked at "dallas morning news." i want to go to diane from arizona on the democratic line. caller: is there any possibility ben bernanke and tim geithner could both be replaced? from what i have read, they both have a background or some dealings with the basics and will street. my impression is they ar
part of the fiscal cliff deal is that there are heavy pentagon cuts in the sequester. the budget is the reason i think president obama would like to have leon panetta told on for a least another year. he is an experienced public official. he was budget director at one time. he has good relations on capitol hill, particularly with republicans. i think the administration would just as soon see him hang in there. he is at the age where he may want to return to california. host: stevens writes in...
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politicians on a deal to avert the so-called fiscal cliff going down to the wire. what are the chances of a deal before the deadline? we have a senior economist at west bank in london and he said he did not have high hopes. >> it is looking unlikely, on inheritance tax, and when the income tax hikes should cut income at what income level. it really remains intractable on both sides. what will happen is the negotiations will continue in the new year after some of these measures have been imposed, but the market reaction to the failure of politicians to agree i think will force them to sharpen their negotiating pencils and actually come to some sort of agreement. it will not fully offset the fiscal cliff, but will mean the drag from the government sector on the economy into thousand 13 will not be -- in 2013 will not be as recessionary threatening. >> is down so dramatic, falling off the fiscal cliff. is it as bad as that? what it is in a four-year since. 3% to 4% of gdp will be pulled out of the economy a reduction in government spending, increased taxes. the u.s. e
politicians on a deal to avert the so-called fiscal cliff going down to the wire. what are the chances of a deal before the deadline? we have a senior economist at west bank in london and he said he did not have high hopes. >> it is looking unlikely, on inheritance tax, and when the income tax hikes should cut income at what income level. it really remains intractable on both sides. what will happen is the negotiations will continue in the new year after some of these measures have been...
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a deal on fiscal cliff that's what you read in the news so this whole charade in washington could have implications on many levels and the fiscal cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy. trying to find your way through a complex tax system is not enough in the u.k. . to help them navigate it that's coming up later. another crew member has died in hospital after a passenger jet crashed at one of moscow's busiest airports it brings the number of dead to three others are still fighting for their lives the red wings' plane skidded off the runway and right into the bank of a major highway on saturday experts believe bad weather breaks or simply could have led to the tragedy. unfolded the twenty ninth of december the last working day of two thousand and twelve in russia. business is. the next here families. jump into their cars and escape the busy capital. highway heads to the west of moscow region where most of the luxury states and country houses are located traffic jams are common this time of the day and this time of the year
a deal on fiscal cliff that's what you read in the news so this whole charade in washington could have implications on many levels and the fiscal cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy. trying to find your way through a complex tax system is not enough in the u.k. . to help them navigate it that's coming up later. another crew member has died in hospital after a passenger jet crashed at one of moscow's busiest airports it brings the...
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Dec 29, 2012
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plan a no deal and plan b back fire in the final hours before america goes over the fiscal cliff. they are trying to craft a plan c. america's news headquarters live from the nowy nation's capitol starts now. >> hello everyone. we are down to the wire and an impatient president obama is leaning on top lawmakers to cut a deal. senate leaders are rushing to hammer out a last ditch compromise. mike emmanuel is live with the latest on the negotiations. >> hi, molly it is it eye critical window. we are not expecting an announcement today, but they are trying to carve out a deal capable of winning bipartisan support. president obama said the u.s. can't afford a self inflicted wound to our economy. >> fortunate lie congress can prevent it from happening if they act right now. i had a good and constructive discussion with senate and house leadership about preventing the tax hike on the middle class and we should be able to reach an agreement to pass both house necessary time. >> senate leaders can't strike a deal. it would be a plan c. keeping tax cuts for those making $250,000 or less .
plan a no deal and plan b back fire in the final hours before america goes over the fiscal cliff. they are trying to craft a plan c. america's news headquarters live from the nowy nation's capitol starts now. >> hello everyone. we are down to the wire and an impatient president obama is leaning on top lawmakers to cut a deal. senate leaders are rushing to hammer out a last ditch compromise. mike emmanuel is live with the latest on the negotiations. >> hi, molly it is it eye critical...
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on the fiscal cliff. here is more from leader reid a short time ago. >> if we go over the cliff and it looks like that's where we're headed, mr. president, the house of representatives, as we speak, with four days left after today before the first of the year aren't here with the speaker having told them they will give them 8 hours notice. i can't imagine their consciences. >> reporter: of course president obama has left hawaii. he is heading back to washington from his family vacation. we learned from the white house that the president had made calls to the top four congressional leaders mcconnell and boehner on the republican side, pelosi and reid on the democratic side. we'll see what the president has in mind when he touches down back in washington a little later this morning, harris. harris: mike you mentioned it. i'm mentioning it too. it is coming into the newsroom from senator mcconnell's spokesperson and just wondering what the republicans say they want. they want to review legislation and make d
on the fiscal cliff. here is more from leader reid a short time ago. >> if we go over the cliff and it looks like that's where we're headed, mr. president, the house of representatives, as we speak, with four days left after today before the first of the year aren't here with the speaker having told them they will give them 8 hours notice. i can't imagine their consciences. >> reporter: of course president obama has left hawaii. he is heading back to washington from his family...
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to reach a deal on fiscal cliff that's what you read in the news so this whole charade in washington could have implications on many levels and the fiscal cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy syrian rebels pressed on with the offensive in the north of the country they reportedly take over an oil pumping station after days of intense fighting calls for dialogue from russia and the international peace envoy. trying to find a way through a complex tax system wasn't enough in the u.k. millions have been paying through the nose for telephone services to help them navigate it that's coming up like. another crew member has died after a passenger jet crashed at one of moscow's busiest ports it brings the number of dead to five three others are still fighting for their lives in hospital the red wings playing skidded off the runway and plowed into the embankment of a major highway on saturday experts believe bad weather brake failure or simply pilot error could have led to the tragedy artie's reef an ocean and now looks at how th
to reach a deal on fiscal cliff that's what you read in the news so this whole charade in washington could have implications on many levels and the fiscal cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy syrian rebels pressed on with the offensive in the north of the country they reportedly take over an oil pumping station after days of intense fighting calls for dialogue from russia and the international peace envoy. trying to find a way...
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some members of congress admit they may well just go over the fiscal cliff and deal with it in january after the new congress is sworn in. leaving his family behind to continue their vacation without him, president obama boarded air force one early this morning and headed for washington to deal with unfinished fiscal cliff business. with just five days until the combination of automatic tax increases and spending cuts that could send the economy back into recession, mr. obama wants congress to take the lead in getting the job done. the senate convenes later today and senate majority leader harry reid told members to be prepared to address fiscal cliff issues through the weekend. reid is working on his own plan to get lawmakers to come together before the end of the year deadline. that plan would likely include letting the bush tax cuts expire for households making more than $250,000 a year and short term spending cuts instead of the massive long-term cuts that would happen if there is no deal. after our wednesday conference call, house republican leaders issued a statement saying they
some members of congress admit they may well just go over the fiscal cliff and deal with it in january after the new congress is sworn in. leaving his family behind to continue their vacation without him, president obama boarded air force one early this morning and headed for washington to deal with unfinished fiscal cliff business. with just five days until the combination of automatic tax increases and spending cuts that could send the economy back into recession, mr. obama wants congress to...
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on fiscal cliff that's what you read in the news so this whole charade in washington could have implications on many levels and the fiscal cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy now as if trying to find your way through a complex tax system isn't bad enough in the u.k. millions have been paying it through the news for telephone services to help them navigate it that's coming up later. another crew member has died in hospital after a passenger jet crashed at one of moscow's busiest airports it brings the number of dead to five three others are still fighting for their lives the red wings plane skidded off the runway and plowed into the embankment of a major highway on saturday experts believe bad weather brake failure or simply pilot error could have led to the tragedy. for national looks at how events unfolded. the twenty ninth of december the last working day of two thousand and twelve in russia four pm business is closed all business put off until the next year but i'm alays friends employees jump into their cars and escape the
on fiscal cliff that's what you read in the news so this whole charade in washington could have implications on many levels and the fiscal cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy now as if trying to find your way through a complex tax system isn't bad enough in the u.k. millions have been paying it through the news for telephone services to help them navigate it that's coming up later. another crew member has died in hospital after a...
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Dec 31, 2012
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if we can get that done, that takes a big bite out of the fiscal cliff. it avoids the worst outcomes. >> in the upper house, the senate, sunday the leadership of both parties is putting together a watered-down deal to assure that taxed on americans making less than $200,000 per year don't go up. the president expressed both sides will have to accept compromise. >> there is a basic fairness at stake in this whole thing that the american people understand and they listened to an entire year's debate about it. they made a clear decision about the approach they prefer, which say balanced, responsible package. they rejected the notion that the economy grows best from the top down. they believe the economy grows best from the middle class out and at a certain point, you know, it is very important for republicans in congress to be willing to say we understand we're not going to get 100%, we are willing to compromise. >> if a deal can get through the democratically controlled senate it will put pressure on the republican-cro -- controlled house to vote it through
if we can get that done, that takes a big bite out of the fiscal cliff. it avoids the worst outcomes. >> in the upper house, the senate, sunday the leadership of both parties is putting together a watered-down deal to assure that taxed on americans making less than $200,000 per year don't go up. the president expressed both sides will have to accept compromise. >> there is a basic fairness at stake in this whole thing that the american people understand and they listened to an...
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Dec 27, 2012
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heather: more and more people are saying this fiscal cliff deal isn't going to happen pause the two sides are too far apart and there simply isn't enough time yet. mark, i will begin with you, what happens if we go over the cliff? what will americans experience? >> well i think we are going to go over the cliff. quite frankly i think it is a good thing the prospects of getting a deal after january 1 are significantly higher and that is for three reasons. first now president obama has all the leverage. after january 1st the leverage shifts to the gop. because president obama perfectly going over the fiscal cliff to blame republicans because he can't default on the debt. he will have to compromise between now and february. second of all the baseline gets reset if the tax cuts expire. everybody will propose a tax cut in january and right now we're fighting whether to increase taxes or not. you can see possibility of a deal seen as win-win for both sides. third, if republicans don't come up with a deal, a bad deal right now, they still have the $800 billion in revenue they put on the table fr
heather: more and more people are saying this fiscal cliff deal isn't going to happen pause the two sides are too far apart and there simply isn't enough time yet. mark, i will begin with you, what happens if we go over the cliff? what will americans experience? >> well i think we are going to go over the cliff. quite frankly i think it is a good thing the prospects of getting a deal after january 1 are significantly higher and that is for three reasons. first now president obama has all...
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Dec 29, 2012
12/12
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. >>> crucial meetings to come up with a deal to avoid the so- called fiscal cliff in the u.s. will resume sunday. president obama says that congress must act now to avoid economic disaster. he has been meeting with republican and democratic leaders to reach a deal to avoid tax hikes and spending cuts that take effect january 1. >> the hour-long meeting with president barack obama was the first face-to-face session together with both republican leaders of the latest fiscal crisis. obama said he was modestly optimistic about the agreement by senate leaders on a compromise bill that could be voted on by monday. that is just two days before 6 under billion dollars of automatic tax hikes and spending cuts begin to take effect -- $600 billion of automatic tax hikes and spending cuts take effect. >> we want to make sure that unemployment insurance is still available for 2 million people and lay the groundwork for additional deficit reduction and economic growth steps to take in the new year. but let's not miss this deadline. >> we are working hard to get there in the next 24 hours. i
. >>> crucial meetings to come up with a deal to avoid the so- called fiscal cliff in the u.s. will resume sunday. president obama says that congress must act now to avoid economic disaster. he has been meeting with republican and democratic leaders to reach a deal to avoid tax hikes and spending cuts that take effect january 1. >> the hour-long meeting with president barack obama was the first face-to-face session together with both republican leaders of the latest fiscal...
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Dec 28, 2012
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one that could determine whether or not our nation plunges right off the fiscal cliff. take a live look at the white house where president obama called the top house and senate leaders from both parties to try and hammer out a deal avoiding the tax hikes and crippling spending cuts. remember analysts say falling off the fiscal cliff could drive the u.s. into another recession. more than a month has passed since the last time they got together. the obama administration called that mid another meeting constructive but there has been little to no progress. today lawmakers on both sides of the aisle tried to strike an optimistic tone. >> millions of americans are out there struggling and certainly they deserve a congress that will avoid going over the fiscal cliff, which is why the president has been working hard to bring leaders together. >> we can't continue to kick the can down the road with half measures. i think the market will respond in a permanent and negative way to our inaction. >> the chairman of the senate finance committee says it comes down to this meeting add
one that could determine whether or not our nation plunges right off the fiscal cliff. take a live look at the white house where president obama called the top house and senate leaders from both parties to try and hammer out a deal avoiding the tax hikes and crippling spending cuts. remember analysts say falling off the fiscal cliff could drive the u.s. into another recession. more than a month has passed since the last time they got together. the obama administration called that mid another...
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Dec 28, 2012
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the fiscal cliff would trigger tax increases and government spending cuts in january, leaving far less money in the economy. the international monetary fund warrants of knock on effects for the global economy. -- warns of knock on effects for the global economy. the pressure is on in washington to agree on a plan. only then might the applause on wall street be a little more genuine. >> with the clock ticking ever more loudly in washington, let's bring in our correspondent. first off, are the prospects of an agreement as dim as we are hearing, or could there be a last-minute deal? then of course this could happen, but i think it is quite unlikely. there is an increased pessimism that a deal can be achieved in washington, d.c. from my perspective, i think washington moves too slowly. tax rates will go for all americans, and cuts will go into effect by the end of this year, and we will see no more unemployment benefits for about 2 million americans. >> there are some technicalities here. what are the government's contingency plans? for example, how will it go about paying bills if no deal
the fiscal cliff would trigger tax increases and government spending cuts in january, leaving far less money in the economy. the international monetary fund warrants of knock on effects for the global economy. -- warns of knock on effects for the global economy. the pressure is on in washington to agree on a plan. only then might the applause on wall street be a little more genuine. >> with the clock ticking ever more loudly in washington, let's bring in our correspondent. first off, are...
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fiscal cliff. island as soon as the six month presidency of the e.u. facing a wide range of issues from a challenging european agenda with zone ailing finances. and the scene with a new around the globe we digest the highlights at twenty twelve and look at the headlines that could have been if things are different. hello there very good to have you company it's kevin over here at the new center just after one am moscow time now on our top story than the smalling a last minute deal on the american fiscal cliff was passed by the senate in the final hours before the deadline but now as they go to the house of representatives the original deal agreed to raise taxes on americans making more than four hundred fifty thousand dollars per year but the house's perspective on the voting definitely calling for more spending cuts let's talk to lawrence freeman he's editor of the executive review magazine is joining us on the line from maryland now to give us a bit more analysis of what's going on here hi lawren
fiscal cliff. island as soon as the six month presidency of the e.u. facing a wide range of issues from a challenging european agenda with zone ailing finances. and the scene with a new around the globe we digest the highlights at twenty twelve and look at the headlines that could have been if things are different. hello there very good to have you company it's kevin over here at the new center just after one am moscow time now on our top story than the smalling a last minute deal on the...
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edges closer to the fiscal cliff the deadline for a deal is really a day away as democrats and republicans heigl overtax hikes and spending cuts all that to come. rain that gives some ground to the opposition slashing the sentences for some of the jailed activists becoming pain is called for their release we trace the roots of the on the rest. of. the sun rises over what seems like enlist forest here in the new directions cry for hundred kilometers north of life while stalk as in much of the world it's disappearing at a catastrophic great. markers both illegal and those finding ways to outsmart the system for filing down the forests of the put more region for them profit goes well beyond the future of our planet and the result could be an ecological crisis we are on the hunt for illegal loggers and it's not going to be easy the forest is enormous and our chances are slim now for now we can stay in our dreams but as soon as we find solid tracks we'll have to drop our wheels and get out silently in order not to scare the loggers off the xander someone in ca has been a ranger for over twenty
edges closer to the fiscal cliff the deadline for a deal is really a day away as democrats and republicans heigl overtax hikes and spending cuts all that to come. rain that gives some ground to the opposition slashing the sentences for some of the jailed activists becoming pain is called for their release we trace the roots of the on the rest. of. the sun rises over what seems like enlist forest here in the new directions cry for hundred kilometers north of life while stalk as in much of the...
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Dec 26, 2012
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with the dreaded fiscal cliff. with just six days until the deadline, some lawmakers say it might be too late. and that's next. so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. from the president cutting his holiday vacation in hawaii short to get back to work on avoiding the fiscal cliff. the white house says the president is set to return to the nation's capital tomorrow morning to try to hammer out a deal where lawmakers on stopping automatic tax hikes and deep spending cuts from kicking in, which is set to happen, if you're not watching the calendar, six days from now. if they don't reach a deal many say it could send the country right back into recession. ed hen
with the dreaded fiscal cliff. with just six days until the deadline, some lawmakers say it might be too late. and that's next. so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's...
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deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. hello there thanks for joining us if you just have a new year's day here in moscow our top story the more we've got an hour left of new year's day twenty thirteen is made around the globe with a ray of fireworks performances and cheering crowds as take a look at the world party then should we do zealand was among the first to usher in twenty thirteen crowd packed the harbor in all clinton joy if i were exploding of the city's sky tower a great sight it. was not a stray joining the festivities a bit later with almost two million people gathering to see the now standard jaw dropping fireworks from harbor bridge as the clock struck midnight there. a new year continues from for march through asia with the most spectacular shows in hong kong biggest ever the say were a countdown to twenty thirteen culminated in a light extravaganza on the land and in the sky and europe now picking up the holiday torch is berlin hosting one of the world's largest open parties th
deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. hello there thanks for joining us if you just have a new year's day here in moscow our top story the more we've got an hour left of new year's day twenty thirteen is made around the globe with a ray of fireworks performances and cheering crowds as take a look at the world party then should we do zealand was among the first to usher in twenty thirteen crowd...
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and deal looks set to pull america from the edge of the fiscal cliff tax hikes for millions of americans for the time being at least. around the world and around the clock this is very happy new year. twenty thirteen has made it around the globe with an array of fireworks performances and cheering crowds let's take a look at how the world has been partying new zealand was among the first in twenty thirty crowds in the harbor in oakland to enjoy the fireworks exploding over the city's. australia join the festivities shortly with almost two million people gathering to see an outstanding jaw dropping fireworks from harbor bridge as the clock struck midnight and continued its triumphant march through asia with one of the most spectacular show is on building in hong kong where count down to twenty thirteen culminated in a light extravaganza on the land and in the sky europe picked up a holiday torch in hosting one of the world's largest open air parties at the brandenburg gate one of the u.k. pulled out. all the stops the great fireworks display in the heart of the capital at the london eye a
and deal looks set to pull america from the edge of the fiscal cliff tax hikes for millions of americans for the time being at least. around the world and around the clock this is very happy new year. twenty thirteen has made it around the globe with an array of fireworks performances and cheering crowds let's take a look at how the world has been partying new zealand was among the first in twenty thirty crowds in the harbor in oakland to enjoy the fireworks exploding over the city's. australia...
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Dec 30, 2012
12/12
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the fiscal cliff. on saturday, the president was at work here in the white house but all eyes were on the senate where negotiators were trading deal points and revenue figures to try to reach an agreement all sides can stomach. the baseline for the president, any bipartisan bill would have to extend unemployment insurance that would affect some 2 million americans and increase taxes for the highest income earners. but negotiators can still work out exactly where that tax increase would hit and whether they would halt an increase in the estate tax. in case those discussions break down, the president asked harry reid to prepare a separate bill to put on the floor of the senate that would raise taxes on households that earn $250,000 or more. now, that's really a democratic proposal and you could expect republicans to block it, so, rather than thinking of that as a stop gap measure, probably think of it as a political measure to shift the responsibility for failure on to republicans just before the nation
the fiscal cliff. on saturday, the president was at work here in the white house but all eyes were on the senate where negotiators were trading deal points and revenue figures to try to reach an agreement all sides can stomach. the baseline for the president, any bipartisan bill would have to extend unemployment insurance that would affect some 2 million americans and increase taxes for the highest income earners. but negotiators can still work out exactly where that tax increase would hit and...
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Dec 24, 2012
12/12
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on the fiscal cliff. >> nine days to get a deal done. house speaker boehner is in ohio. president obama in hawaii. >>> today we say aloha to an american hero, the late senator daniel inouye was remembered with full military honors in hawaii. the 88-year-old senator lost his arm in world war ii, he represented hawaii in washington for more than 50 years. president obama and the first lady attended today's service. the president has said inouye was his earliest political inspiration. >>> many gun shop owners say sales have been booming. thousands of north texans visited local gun shows and stores this weekend where the most powerful weapons are costing more than ever. a gun dealer told our affiliate that an assault style weapon ran around $900. this week anywhere from 1500 to $2500 many in just a few minutes my conversation with a gun shop owner, several former police officers and a school safety expert who says the current call for bringing guns into schools for safety is in his words, borderline insane. >>> an estimated 87 million americ
on the fiscal cliff. >> nine days to get a deal done. house speaker boehner is in ohio. president obama in hawaii. >>> today we say aloha to an american hero, the late senator daniel inouye was remembered with full military honors in hawaii. the 88-year-old senator lost his arm in world war ii, he represented hawaii in washington for more than 50 years. president obama and the first lady attended today's service. the president has said inouye was his earliest political...
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edges closer to the fiscal cliff the deadline for the deal was barely a day away now with democrats and republicans haggle over tax hikes and spending cuts to come later this hour. also paul ryan gives some ground to the opposition slashing the sentences for some jailed activists of the complainers called for the total release later this could trace the roots of the rest of. the sun rises over what seems like and most forest but here in town your reactions cry for hundred kilometers north of light of all stalk as in much of the world it's disappearing at a catastrophic rate. mortgages both illegal and those finding ways to outsmart the system filing down the forests of the region for them profit goes well beyond the future of our planet and the result could be an ecological crisis we are on the hunt for illegal loggers and it's not going to be easy the forest is enormous and our chances are slim now for now we can stay in our jeep but it's serious.
edges closer to the fiscal cliff the deadline for the deal was barely a day away now with democrats and republicans haggle over tax hikes and spending cuts to come later this hour. also paul ryan gives some ground to the opposition slashing the sentences for some jailed activists of the complainers called for the total release later this could trace the roots of the rest of. the sun rises over what seems like and most forest but here in town your reactions cry for hundred kilometers north of...
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Dec 28, 2012
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in order to avoid some of the tax hikes of the fiscal cliff and to deal with some of the unemployment. greg: senator rob portman, a republican from ohio said that if lawmakers in the white house can get through this fiscal cliff, we will immediately face another fiscal cliff, if you will. the debt ceiling, noting that are dead is not sustainable. so portman does not sound impressed by talk of a small package to get through this initial fiscal cliff. worried about the long-term impact of our unsustainable debt. greg: our markets are taking a little bit of a head. falling on wall street, the market is on track for its fifth consecutive decline. investors feared that the fallout will have a tremendous effect on what is already a fragile economic recovery. stephen moore joins us. when economic growth was comparatively pretty good, this the president said no, now you don't want to raise tax rates because the economy is fragile. gdp is worse now, is that? >> i think almost exactly two years ago, the president said the economy is too fragile to raise taxes on anyone. so what you have essenti
in order to avoid some of the tax hikes of the fiscal cliff and to deal with some of the unemployment. greg: senator rob portman, a republican from ohio said that if lawmakers in the white house can get through this fiscal cliff, we will immediately face another fiscal cliff, if you will. the debt ceiling, noting that are dead is not sustainable. so portman does not sound impressed by talk of a small package to get through this initial fiscal cliff. worried about the long-term impact of our...
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farmers will also feel the impact if lawmakers fail to reach a deal on the fiscal cliff. bimultibillion-dollar aid bill may be a casualty of the casuemate. the ripple effects would be felt far from the fields. we asked anna warner to look into that. >> reporter: eagle lake, texas, depends on rice. it's been grown here since the 1800s. drought is usually the biggest threat, but the nervous talk in the drugstore now is about congress. >> without the farm bill, it really makes it uncertain for ehat you should do next year. >> reporter: steve is a pharmacist here and a rice farmer. the people are nervous. >> very nervous. wh reporter: what are they saying when they're coming in? what are you hearing? >> "what do we do?" you know, they don't know what to do. ht's so uncertain right now that the banks don't know what to do. the farmers don't know what it do. they're out there plowing the land, getting it all prepared for next year, with total cecertainty. >> reporter: at stake, $154 billion in federal farm aid and isop insurance, sidelined by the fiscal cliff stalemate. benefit
farmers will also feel the impact if lawmakers fail to reach a deal on the fiscal cliff. bimultibillion-dollar aid bill may be a casualty of the casuemate. the ripple effects would be felt far from the fields. we asked anna warner to look into that. >> reporter: eagle lake, texas, depends on rice. it's been grown here since the 1800s. drought is usually the biggest threat, but the nervous talk in the drugstore now is about congress. >> without the farm bill, it really makes it...
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and deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. forecasting live from moscow you're watching r t a very happy new year. well twenty thirteen has made it around the globe with an array of fireworks performances and cheering crowds take a look at how the world has been partying in new zealand. long the first twenty thirty. to enjoy the fireworks exploding over the city's sky tower australia join the festivities shortly with almost two million people gathering to see the now standard jaw dropping fireworks from harbor bridge as the clock struck midnight. new york continues triumphant march through asia with on the most spectacular veiling in hong kong countdown to twenty thirteen culminated in a night extravaganza on the land and in the sky and in europe and then picked up one of the top. on the world's largest open air parties at the brandenburg gate. the u.k. pulled out all the stops and summarizing politics displaying the heart of the capital at the london eye and across the atlantic over a mi
and deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. forecasting live from moscow you're watching r t a very happy new year. well twenty thirteen has made it around the globe with an array of fireworks performances and cheering crowds take a look at how the world has been partying in new zealand. long the first twenty thirty. to enjoy the fireworks exploding over the city's sky tower australia join the...
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deal looks set to put america on the edge of the fiscal cliff and tax hikes for millions of americans for a time at least. very happy new year. well twenty thirteen has made it around the globe with an array of fireworks performances and cheering crowds as take a look at how the world has been partying new zealand was among the first to usher in twenty thirty crowds the harboring oakland joy the fireworks exploding over the city's sky tower australia joined the festivities almost two million people gathering to see the now standard jaw dropping fireworks from harbor bridge as the clock struck midnight here continued triumphant march through asia when one of the most spectacular shows on veiling in hong kong were count down to twenty thirteen commentated light extravaganza on the land and in the sky europe then picked up the holiday torch berlin hosting one of the world's largest open air parties at the brandenburg gate while the u.k. pulled out all the stops with a mesmerizing fireworks display in the heart of the capital at the london eye and across the atlantic over a million specta
deal looks set to put america on the edge of the fiscal cliff and tax hikes for millions of americans for a time at least. very happy new year. well twenty thirteen has made it around the globe with an array of fireworks performances and cheering crowds as take a look at how the world has been partying new zealand was among the first to usher in twenty thirty crowds the harboring oakland joy the fireworks exploding over the city's sky tower australia joined the festivities almost two million...
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and an eleventh hour deal looks set to pull america from the edge of the fiscal cliff from the tax hikes for millions of americans for the time being at least. hello very good evening to you delighted to have you company this new year's day evening it's now ten pm here in moscow my name is kevin now and our top story it out the small office evening twenty thirteen has made it around the globe with an array of fireworks performances and cheering crowds as they look at the world's big party showing new zealand first of all was among the first washer in twenty thirty crowd packed the harbor don't live with joy the fireworks exploding over the city's sky was a beautiful scene that then was over to a straight. shortly afterwards with almost two million people gathering to see the now standard jaw dropping fireworks from the harbor bridge as the clock struck midnight new year continued its triumphant march through asia with one of the most spectacular shows on bailing in hong kong its biggest ever in fact. leading to twenty thirteen huge like sixty. on land and sky then europe picking up the h
and an eleventh hour deal looks set to pull america from the edge of the fiscal cliff from the tax hikes for millions of americans for the time being at least. hello very good evening to you delighted to have you company this new year's day evening it's now ten pm here in moscow my name is kevin now and our top story it out the small office evening twenty thirteen has made it around the globe with an array of fireworks performances and cheering crowds as they look at the world's big party...
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well, a double whammy in our nation's capitol as lawmakers try to hammer out a deal on the fiscal cliff. there is word we are also about to hit the nation's debt ceiling. what does that mean for all of us? the answer, we hope, is ahead. ♪ aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ >> trace: a judge in texas has given the state the go ahead to cut planned parenthood funding. the move could affect an estimated 48,000 low income women who receive checkups and birth control through planned parenthood. the state pushed to cut funding because of the organization links abortion providers. lawyers for planned parenthood say they intend to keep fighting this. well, it was a grievous mistake to keep the u.s. outpost in benghazi open without enough security. and with threats in the area, quote. flashing red. that from a senate investigation that killed the ambassador chris stevens and three other
well, a double whammy in our nation's capitol as lawmakers try to hammer out a deal on the fiscal cliff. there is word we are also about to hit the nation's debt ceiling. what does that mean for all of us? the answer, we hope, is ahead. ♪ aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ >>...
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and an eleventh hour deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. if you just joined us for good morning to you from moscow just a tad after midnight here now my name is kevin when i first twenty thirteen has made around the globe the last twenty four hours with an array of fireworks performances and cheering crowds as take a look at how the world celebrates and should we use a lead was among the first to usher in twenty thirty proud. to introduce one of the fireworks exploding of the city's right. then straight here join the festivities very shortly afterwards with almost two million people gathered to see that now stand your dropping fireworks display from the harbor bridge as the clock struck it. do you continue to trump the march through asia with one more spectacular shows and hong kong when the biggest ever in fact work out that twenty thirty culminated in a light extravaganza on the land in the sky. and europe picked up the torch then here is burlington hosting one of the world's largest
and an eleventh hour deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. if you just joined us for good morning to you from moscow just a tad after midnight here now my name is kevin when i first twenty thirteen has made around the globe the last twenty four hours with an array of fireworks performances and cheering crowds as take a look at how the world celebrates and should we use a lead was among the first...
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cliff to convince investors that a deal can get done. so at this point, the market doesn't really want a band-aid or so-called framework deal. in fact, one trader told me that it would almost be better if we went over the cliff, because that would give the markets some certainty. they would at least know what to expect. that is, of course, instead of a band-aid measure, because the worry there is that it would just kick the can down the road. now, this is usually the time of year when we see what's known as a santa claus rally, when investors push up stocks an average of 1.5% in the last few days of the year. and that kind of rally has come to wall street over the past four years. the santa claus rally still has some time to make it, though, with the market wrapping up 2012 on monday with a full day of trading. now, the major averages are, though, on track to make some solid gains for the year. you look at 2012 heading into monday for the dow industrials, they're up 6%. the nasdaq is up more than 13%. and the s&p 500, that's up 1 1% for
cliff to convince investors that a deal can get done. so at this point, the market doesn't really want a band-aid or so-called framework deal. in fact, one trader told me that it would almost be better if we went over the cliff, because that would give the markets some certainty. they would at least know what to expect. that is, of course, instead of a band-aid measure, because the worry there is that it would just kick the can down the road. now, this is usually the time of year when we see...
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an eleventh hour deal looks like it might fall through putting america back on the edge of the fiscal cliff. and it's in with the new around the globe we digest the highlights of two thousand and twelve and look at the headlines that could have been if things had turned out differently. in broadcasting live from our studios in moscow this is r t certainly glad to have you with us. just over two years ago ireland was bankrupt and being bailed out to rescue its failed economy on top of that it's a now the country's turn to take on the next six month presidency of the european council as laura smith reports the celtic tiger has some hard graft ahead of it. it's all changed by the e.u. presidency as takes a six month rotating challenge on the first of january not the ovi choice islands one of the pegs the countries that have the nice stable economies in europe and showed off islands the first country to take hold in the presidency of the twenty seven nation while being propped up by a new i.m.f. money so for the next six months the e.u. and its a german problems will be presided over by o
an eleventh hour deal looks like it might fall through putting america back on the edge of the fiscal cliff. and it's in with the new around the globe we digest the highlights of two thousand and twelve and look at the headlines that could have been if things had turned out differently. in broadcasting live from our studios in moscow this is r t certainly glad to have you with us. just over two years ago ireland was bankrupt and being bailed out to rescue its failed economy on top of that it's...
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of monday's midnight deadline for the fiscal cliff. failure could kick the country back into a recession. wyatt andrews is on capitol hill. >> reporter: today the halls of the senate were almost empty, as proposals got traded in private and over the phone. senate minority leader much mcconnell tried to sound upbeat. going to get a deal today sir? >> hope. so. >> reporter: house speaker boehner came to the capitol but left without comment. issue number one in the talks is amending the bush era tax cuts, which if unchanged will expire and raise taxes on all americans. starting tuesday, the average tax hike will be three to 5% per person. >> let's keep taxes exactly where they are on the first $250,000 of everybody's income. >> reporter: the president campaigned to increase taxes only on families making more than $250,000 per year. almost two weeks ago, the president offered a compromise to raise taxes only on income above 400,000, hoping that might win republican support. >> i have gone at least halfway. >> reporter: the senate is also n
of monday's midnight deadline for the fiscal cliff. failure could kick the country back into a recession. wyatt andrews is on capitol hill. >> reporter: today the halls of the senate were almost empty, as proposals got traded in private and over the phone. senate minority leader much mcconnell tried to sound upbeat. going to get a deal today sir? >> hope. so. >> reporter: house speaker boehner came to the capitol but left without comment. issue number one in the talks is...
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also eleventh hour deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. allowed kevin i would hear this new year's day thanks for joining us our top story than twenty thirteen has made it in or around the globe with the array of fireworks performances and cheering crowds we've come to expect let's take a look at where the world's been partying should we use eland was among the first to assure in twenty thirty crowds packed the harbor in oakland to enjoy the fireworks exploding over the city sky. then a stray joy the festivities shortly afterwards with almost two million people gathered to see the now standard jaw dropping fireworks in harbor bridge as the clock struck midnight. continue to triumph and march through asia with one of the most spectacular shows on value in hong kong in fact were a countdown to twenty thirteen culminated in a like to extravaganza on the land and in the sky one of the biggest displays they were ever put on in fact your of then picked up the holiday toss this berlin hosting
also eleventh hour deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. allowed kevin i would hear this new year's day thanks for joining us our top story than twenty thirteen has made it in or around the globe with the array of fireworks performances and cheering crowds we've come to expect let's take a look at where the world's been partying should we use eland was among the first to assure in twenty thirty...
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in sight on avoiding the fiscal cliff and of course because of christmas we have volumes around seventy five percent lower than usual all right a short christmas eve session in london and the markets were actually shut in frankfurt the footsie as you can see is slightly up around a quarter of a percentage point and it's driven by minor stocks like the down to resources which is gaining around two percent and in moscow there was also very little activity on the markets which are preparing for hibernation or partying whatever you call it during the long jan your holidays are flat and mixed and of the day as you can see is burbank and lukoil some of the biggest losers losing more than one percent on the my sex or i that's it from the business team for now we wish you of course very merry christmas so you can find more fresh stories and interviews that are to dot com for slash business and a few minutes what charities exclusive interview with russia's foreign minister. looters that takes your breath away few tourists travel to these paul it's no prepackaged comfort but the joy of the wild i
in sight on avoiding the fiscal cliff and of course because of christmas we have volumes around seventy five percent lower than usual all right a short christmas eve session in london and the markets were actually shut in frankfurt the footsie as you can see is slightly up around a quarter of a percentage point and it's driven by minor stocks like the down to resources which is gaining around two percent and in moscow there was also very little activity on the markets which are preparing for...
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inside on the voiding the fiscal cliff so basically they're continuing friday's sell off plus activities very low due to christmas and volumes are there for seventy five percent lower than usual the markets have been closed for several hours already now when it comes to the currencies the russian ruble continued to strengthen on many reasons like companies for example needing rubles for tax payments and the central bank trying to put a leash on inflation so we have seen strengthening of around more than half a percent against the dollar. and a short christmas eve session also in london and the markets were actually shut in frankfurt the footsie is up as you can see the one quarter of a percent is driven by minor stocks but down to resources the top again almost two percent higher and in moscow there was also very little activity on the markets which are preparing for hibernation or partying during the long journey or holidays whichever way you want to call it a flat and mixed end of the day's work banking lukoil being some of the biggest losers on the my six losing around one percent. pi
inside on the voiding the fiscal cliff so basically they're continuing friday's sell off plus activities very low due to christmas and volumes are there for seventy five percent lower than usual the markets have been closed for several hours already now when it comes to the currencies the russian ruble continued to strengthen on many reasons like companies for example needing rubles for tax payments and the central bank trying to put a leash on inflation so we have seen strengthening of around...
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and of the eleventh hour deal looks set to pull america from the edge of the fiscal cliff from the tax hikes for millions of americans for the time being at least. they're very good to have your company this new year's day evening it's nine pm here in moscow when i was kevin know in this is r.t. international law top story that twenty thirteen has made it in and around the globe with an array of fireworks performances and cheering crowds take a look at the world party to a new zealand was among the first to usher in twenty thirteen crowds packed the harbor and all clint to enjoy the fireworks exploding across the city's sky tower it was a great sight that ben than to a stray joining the festivities shortly afterwards with almost two million people gathering to see the now standard jaw dropping fireworks from the harbor bridge as the clock struck midnight he continued his triumphant march through asia with the most spectacular shows indeed in hong kong where a countdown to twenty thirteen culminated in light extravaganza on the land and in the sky one of the biggest shows ever europe pi
and of the eleventh hour deal looks set to pull america from the edge of the fiscal cliff from the tax hikes for millions of americans for the time being at least. they're very good to have your company this new year's day evening it's nine pm here in moscow when i was kevin know in this is r.t. international law top story that twenty thirteen has made it in and around the globe with an array of fireworks performances and cheering crowds take a look at the world party to a new zealand was among...
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cliff deadline hangs heavy there is still no deal inside between the firmly entrenched republicans and democrats millions of americans that stand to see their taxes go up dramatically on new year's day but the sticking point holding up negotiations are the rates for the rich and republicans are rejecting any deal that would see those taxes rise while the democrats insisted the wealthy could pay a little more from a graph founder of why the way to use it says it's ironic that the u.s. is that main parties have great difficulty reaching agreement on policies to help the nation's poor while there was a little stumbling over striking a deal on the defense budget. when the cameras are on you know if they're on the red they're coming out they're saying it's the welfare call that's a people on food stamps or the people in extended unemployment benefits if they're on the blue team they're coming out and trying to get their base fired up that it's all about corporate interests and this is why we can't come up with the deal but isn't it amazing when the cameras are off and it's time to pass a tr
cliff deadline hangs heavy there is still no deal inside between the firmly entrenched republicans and democrats millions of americans that stand to see their taxes go up dramatically on new year's day but the sticking point holding up negotiations are the rates for the rich and republicans are rejecting any deal that would see those taxes rise while the democrats insisted the wealthy could pay a little more from a graph founder of why the way to use it says it's ironic that the u.s. is that...
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glad to have you with us a last minute deal on the american a fiscal cliff was passed by the senate in the final hours before the deadline but has to go before the house of representatives the original deal agreed to raise taxes on americans making more than four hundred fifty thousand dollars per year but the house has postponed the vote indefinitely calling for more spending cuts lawrence freeman editor at the executive intelligence review magazine says nothing can save the u.s. economy from crashing over the fiscal cliff. and anyway so operating in a unique relationship in a farce to work over the mind of the american population be great there is no nothing in the proposal that any way shape or form will actually help the economy what with being right now again with twenty seven the people unemployed and missing for a get forty nine point seven million people live we already have tens in the people going to bread lines to get their food so this question of the big global economy and the wealth of the population is not good at all for nothing it's going to be resolved we're going to
glad to have you with us a last minute deal on the american a fiscal cliff was passed by the senate in the final hours before the deadline but has to go before the house of representatives the original deal agreed to raise taxes on americans making more than four hundred fifty thousand dollars per year but the house has postponed the vote indefinitely calling for more spending cuts lawrence freeman editor at the executive intelligence review magazine says nothing can save the u.s. economy from...